Texas Instruments (NASDAQ:TXN) Price Target Raised to $225.00 at Evercore ISI

Texas Instruments (NASDAQ:TXN) had its price objective increased by Evercore ISI from $213.00 to $225.00 in a research note published on Wednesday, Benzinga reports. Evercore ISI currently has an outperform rating on the semiconductor company’s stock.

A number of other brokerages have also commented on TXN. TD Cowen upped their price objective on shares of Texas Instruments from $160.00 to $175.00 and gave the company a hold rating in a research report on Wednesday. Susquehanna increased their price target on shares of Texas Instruments from $200.00 to $205.00 and gave the stock a positive rating in a research report on Wednesday. Rosenblatt Securities reissued a buy rating and issued a $210.00 price target on shares of Texas Instruments in a research report on Wednesday. UBS Group raised shares of Texas Instruments from a neutral rating to a buy rating and increased their price target for the stock from $170.00 to $195.00 in a research report on Friday, January 19th. Finally, KeyCorp increased their price target on shares of Texas Instruments from $180.00 to $200.00 and gave the stock an overweight rating in a research report on Wednesday, January 24th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of Hold and a consensus price target of $181.06.

Texas Instruments Price Performance

Shares of Texas Instruments stock opened at $174.81 on Wednesday. The firm has a fifty day moving average price of $168.66 and a two-hundred day moving average price of $161.99. The company has a market cap of $159.09 billion, a PE ratio of 27.27, a price-to-earnings-growth ratio of 3.56 and a beta of 1.04. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.55 and a quick ratio of 3.35. Texas Instruments has a fifty-two week low of $139.48 and a fifty-two week high of $188.12.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The business had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.61 billion. Texas Instruments had a net margin of 35.16% and a return on equity of 35.54%. The firm’s revenue for the quarter was down 16.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.85 earnings per share. Analysts expect that Texas Instruments will post 5.16 EPS for the current year.

Insider Activity

In other news, Director Mark A. Blinn sold 1,744 shares of the stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total transaction of $278,778.40. Following the sale, the director now directly owns 11,693 shares of the company’s stock, valued at $1,869,126.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.68% of the stock is owned by insiders.

Institutional Investors Weigh In On Texas Instruments

Several hedge funds have recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Texas Instruments during the fourth quarter worth $1,649,592,000. Morgan Stanley raised its holdings in shares of Texas Instruments by 14.2% during the third quarter. Morgan Stanley now owns 14,154,358 shares of the semiconductor company’s stock worth $2,250,685,000 after acquiring an additional 1,755,582 shares during the period. California Public Employees Retirement System raised its holdings in shares of Texas Instruments by 33.2% during the fourth quarter. California Public Employees Retirement System now owns 6,035,704 shares of the semiconductor company’s stock worth $1,028,846,000 after acquiring an additional 1,502,989 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of Texas Instruments by 565.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,693,577 shares of the semiconductor company’s stock worth $288,687,000 after acquiring an additional 1,439,066 shares during the period. Finally, Baillie Gifford & Co. raised its holdings in shares of Texas Instruments by 338.4% during the fourth quarter. Baillie Gifford & Co. now owns 1,795,191 shares of the semiconductor company’s stock worth $306,008,000 after acquiring an additional 1,385,725 shares during the period. 84.99% of the stock is currently owned by institutional investors and hedge funds.

About Texas Instruments

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.